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November 2021
Nordics, £100m - £500m

Liberty advises the management team of Truesec on its acquisition by IK Partners.

IK Partners has completed its investment in Truesec, a market leading cybersecurity service provider in Sweden.

Founded in 2005 by Marcus Murray and headquartered in Stockholm, Sweden, Truesec is the leading independent cybersecurity service provider in Sweden. Its purpose is to prevent and reduce impact from cyberattacks, making a true difference to today’s connected society.  At present, Truesec employs approximately 180 individuals.

Since inception, Truesec has enjoyed a continuous growth in revenues, strengthened its market-leading position as an independent cybersecurity service provider, been able to recruit the top cybersecurity experts and evolved from a nascent challenger to a best-in-class end-to-end cybersecurity partner.

The next phase of the journey will focus on continuing to recruit the best talent within the cybersecurity industry, continuing to be the preferred cybersecurity partner to both Swedish and international companies and developing new and relevant services and capabilities while growing the Truesec position internationally. Truesec will continue to be led by CEO Anna Averud and her team.

Liberty advised the management team, led by Marcus Murray and Anna Averud, on all aspects of their reinvestment and on their new management incentive plan.

It has been a privilege to work with Liberty and we are grateful for their excellent service. Their experience and service delivery made a huge difference for us. We firmly believe that a partnership between Truesec and IK will form a solid basis for capturing value creation opportunities across several dimensions, specifically helping us to further solidify our market position in the Nordics as well as expand our presence outside current core markets.

Anna Averud
CEO of Truesec

Truesec is a very exciting business to be involved with and we thoroughly enjoyed supporting Anna and Marcus in helping to deliver such a successful outcome. With IK as their new partner, we look forward to seeing them continue to grow their position as a market leading cybersecurity service provider.

Tim Thomas
+44 (0) 7966 479556